The Indian equity market ended lower after hitting record highs for four straight sessions, due to profit taking following disappointing trade deficit data. The trade deficit in May widened to $11.23 billion from $10.1 billion in April. IT stocks rebounded from losses as Infosys gained 4% and TCS rose 2%. State banks saw buying interest in anticipation of a potential merger by the State Bank of India. Globally, Asian markets were mixed as growth forecasts were cut by the World Bank, while European stocks slipped on widening bond yields between the eurozone and US.

1. DAILY EQUITY REPORT
12TH
June 2014

2. Daily Equity Report
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INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK ended lower after earlier hitting
record highs for the fourth straight session on profit taking on
disappointing trade deficit data. Trade deficit in May widened
to US$11.23bn from US$10.1bn in April.
 Further, IT majors rebounded on buying at lower levels while
the weakness in the rupee also aided sentiment. Infosys was up
4%, TCS gained 2% and Wipro was up nearly 1%.
 State Bank of Bikaner and Jaipur (up 12 percent), State Bank
of Mysore (up 15 percent) and State Bank of Travancore (up
8 percent) saw buying interest as report suggests that State
Bank of India will merge five subsidiaries with itself.
GLOBAL FACE
 Asian stock markets were mixed, as sentiment was dampened
after the World Bank cut its global growth forecast for this year
 European stocks slipped lower, after the World Bank cut its
global growth forecasts and as the yield gap between euro zone
and U.S. government bonds continued to widen.
 U.S. stocks markets edging lower on profit taking, after
investors locked in gains from last week's upbeat U.S. jobs
report and sold for profits, especially on concerns valuations
have grown a little frothy this year.
INDICES CLOSE PREVIOUS
SENSEX 25473.00 25583
NIFTY 7626.85 7656.40
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 15069.48 14994.80
HANG SENG 23257.29 23315.74
KOSPI 2014.67 2011.80
SECTORIAL INDICES
INDICES CHANGE (%)
CNX 100 7553.40 -0.86
S&P CNX 500 6132.85 -0.96
CNX MIDCAP 10841.45 -1.59
CNX 200 3885.90 -0.92
BANK NIFTY 15406.20 -0.14
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
INFY 3177.00 3.31
KOTAKBANK 923.25 2.57
TCS 2204.20 2.13
HEROMOTOCO 2705.00 1.47
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
DLF 220.70 -5.38
TATAPOWER 106.50 -5.38
HINDALCO 162.15 -4.48
COAL INDIA 402.80 -4.19
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3. Daily Equity Report
r Capital stars Market Analysis & Research Team
MARKET MOVERS UPSIDE NIFTY SPOT
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
7416 7527 7577 7638 7688 7749 7860
NIFTY
SUPPORT RESISTANCE
S1-7580 R1-7700
S2-7500 R2-7730
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
14902 15205 15317 15508 15619 15810 16113
BANK NIFTY
SUPPORT RESISTANCE
S1-15330 R1-15700
S2-15180 R2-15750
SCRIPT CLOSE
CHANGE
(%)
TCS 2204.20 2.1
SBI 2694.00 1.1
HDFC BANK 820.30 0.4
INFOSYS 3177.00 3.3
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
ONGC 425.20 [3.5]
RELIANCE 1096.00 [2.0]
ITC 333.40 [1.2]
COAL INDIA 402.80 [4.2]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 5200.31 5007.75
DII 1312.36 2527.83
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 16 34
BANK NIFTY 4 8
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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)
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4. Daily Equity Report
r
Capital stars Market Analysis & Research Team
MARKET TALKS
entered into a global services alliance agreement with HPS, a
Morocco-based provider of solutions to the cards and payments
industry.
 Future Retail to raise Rs. 200 crore
Future Retail’s Board of Directors of the company has approved to
raise Rs. 200 crore to reduce debt. At least 75% of the funds will be
used for reducing debt. The company would raise funds through
issue of shares or warrants on preferential basis to investors and
promoters of around Rs. 400 crore. Future Retail will issue Rs. 76.9
trillion warrants at Rs 130 per share.
 L&T may sell 1.6% stake in L&T
Finance for Rs 204 crore
Larsen & Toubro proposes to sell as much as a 1.6 percent stake in
its financial services unit L&T Finance tomorrow for about Rs 204
crore. L&T is making an offer for sale for 16,551,447 equity shares
of face value of Rs 10 each, constituting 0.96 percent of the capital
of the company.
 India Cements gearing up for
demand pick-up
India Cement is planning to ramp up production, anticipating a
demand pick up under the new government at the Centre and state.
Cement prices have already gone up in most markets by Rs 20-30
per bag. It plans to merge Trinetra Cements and Trishul Concrete
Products with India Cements to bring operations under one
company.
 RCom drops amid volatility
Reliance Communications lost 0.23% after the company announced
the launch of its Next-Gen 3G services in 5 more telecom circles
thereby expanding its 3G footprint to 18 circles across the country.
With this move, RCOM will now offer best-in-class, high-speed 3G
services in the entire southern part of the country and UP-East as
well.
 Tech Mahindra ended higher by 0.5%
Tech Mahindra ended higher by 0.5% after the company has
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